B2B digital payments offer growth opportunities for the region

[msttasnuvanava]

From the small supermarket in Buenos Aires to the large beer distributor in Santo Domingo, companies – regardless of their size – share common challenges that hinder their growth; whether it is access to cash flow, inefficiencies in operational processes, lack of financial transparency or the inability to truly scale and optimize their businesses.

In this context, the use and acceptance of commercial credit cards is becoming a great payment alternative for business operations, as companies discover the benefits of using them to advance or make their payments, helping them to optimize their cash flow and reduce their collection and reconciliation costs.

The growth opportunities in this space are huge. The value of B2B payments is expected to reach approximately $124 trillion globally by 2028 — around four times the volume of consumer-to-business (C2B) payments — representing 40% growth from 2024 [1] .

And at Visa, we are at the forefront of this transformation. Today how to get south korea whatsapp number enabling digital solutions to transform commercial transactions and drive innovation in B2B payments at scale. In turn, we are offering our stakeholders unique perspectives and a roadmap to help them effectively and agilely address this fast-growing segment.

As part of our efforts, we have just published a new report that explores the economic implications, benefits and challenges of accepting B2B commercial payments, especially for supplier companies, which have become crucial in providing other companies with the products and services necessary to meet the needs of their customers.

Our new study – conducted among 762 supplier companies from 9 countries in Latin America and the Caribbean – indicates that a large majority of these companies in the region (80%) are already embracing digital business solutions, benefiting from greater growth, efficiency and greater customer loyalty.

The report also highlights that cash-based transactions remain the primary form of payment for many suppliers who do not yet accept digital payments (31%). This highlights the significant opportunity that exists to fully digitise this segment and thereby further unlock operational performance, growth and value creation for our business ecosystem.

There has never been a better time to take full advantage of the tremendous boost that B2B payments offer to the market. I invite you to read our new report, available at: